European PV outlook grim as Germany, Italy push new FIT cuts

A bill that would once again hack into Germany’s solar feed-in tariff (FIT) appears ready to sail through both houses of parliament after Chancellor Angela Merkel’s cabinet agreed to water down some of the most draconian measures.

Coming alongside a draft of Italy’s latest national energy plan – which may halve total support for new PV installations – the changes in Germany foreshadow a significant retraction in the European market in the years ahead, deepening the likelihood that many EU companies may be destined for the graveyard.

The proposed amendments to Germany’s landmark Renewable Energy Sources Act (EEG) are likely to pass both the Bundestag and Bundesrat by the end of the week after the cabinet softened some of the changes, including pushing back the date after which all Log in to read complete article.

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